Wisconsin Energy Corp (WEC) Declares Quarterly Dividend of $0.39
Wisconsin Energy Corp (NYSE:WEC) declared a quarterly dividend on Thursday, July 17th, American Banking & Market News reports. Shareholders of record on Thursday, August 14th will be given a dividend of 0.39 per share on Monday, September 1st. This represents a $1.56 dividend on an annualized basis and a yield of 3.45%.
A number of analysts have recently weighed in on WEC shares. Analysts at Zacks upgraded shares of Wisconsin Energy Corp from a “neutral” rating to an “outperform” rating in a research note on Friday, July 11th. They now have a $55.00 price target on the stock. On a related note, analysts at Robert W. Baird raised their price target on shares of Wisconsin Energy Corp from $47.00 to $50.00 in a research note on Wednesday, June 25th. They now have a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $47.79.
Shares of Wisconsin Energy Corp (NYSE:WEC) traded down 0.66% during mid-day trading on Thursday, hitting $44.86. 1,229,441 shares of the company’s stock traded hands. Wisconsin Energy Corp has a one year low of $39.52 and a one year high of $49.21. The stock has a 50-day moving average of $45.59 and a 200-day moving average of $44.79. The company has a market cap of $10.117 billion and a P/E ratio of 17.00.
Wisconsin Energy Corp (NYSE:WEC) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.08. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 32.9% on a year-over-year basis. Analysts expect that Wisconsin Energy Corp will post $2.62 EPS for the current fiscal year.
Wisconsin Energy Corporation is a diversified holding company. The Company operates primarily through two segments: a utility energy segment and a non-utility energy segment.
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